ABN AMRO launches SRI index

The Dutch financial giant is bidding to steal a march on competitors in what it feels will be a growing marketplace of socially responsible investments (SRI). Its Climate Change & Environment Index is the world’s first dynamic, rules-based index that tracks the performance of stocks directly related to businesses involved in tackling the adverse effects of climate change and mitigating environmental degradation, the group said. Dr Paul Thind of ABN AMRO’s equities business believes the development of the index is a landmark for the industry. He explained: “This is the first bench...